Firsthand Tech Value Fund Reports $2.6B Assets in 2024 10-K
Ticker: SVVC · Form: 10-K · Filed: Mar 26, 2025 · CIK: 1495584
| Field | Detail |
|---|---|
| Company | Firsthand Technology Value Fund, Inc. (SVVC) |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: 10-K, financials, debt, credit-facility
TL;DR
FTVF 2024 10-K: $2.6B assets, $2.7B liabilities. NAV $0.001. $100M credit line due end of 2025.
AI Summary
Firsthand Technology Value Fund, Inc. filed its 2024 10-K on March 26, 2025, reporting total assets of $2,629 million and total liabilities of $2,765 million for the fiscal year ending December 31, 2024. The company's net asset value per share was $0.001. The filing details various investment agreements and debt facilities, including a $100,000,000 credit facility maturing on December 31, 2025.
Why It Matters
This filing provides a comprehensive overview of Firsthand Technology Value Fund's financial health and investment portfolio for 2024, crucial for investors assessing the fund's performance and future prospects.
Risk Assessment
Risk Level: medium — The fund reports negative net assets and a significant amount of debt relative to its assets, indicating a high degree of financial risk.
Key Numbers
- $2,629M — Total Assets (Represents the total value of the fund's holdings as of December 31, 2024.)
- $2,765M — Total Liabilities (Indicates the total debt and other obligations of the fund as of December 31, 2024.)
- $0.001 — Net Asset Value Per Share (Shows the fund's net worth on a per-share basis, highlighting a very low value.)
- $100,000,000 — Credit Facility (The amount available under the company's credit facility, which matures on December 31, 2025.)
Key Players & Entities
- Firsthand Technology Value Fund, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-03-26 (date) — Filing date
- $2,629 million (dollar_amount) — Total assets
- $2,765 million (dollar_amount) — Total liabilities
- $0.001 (dollar_amount) — Net asset value per share
- $100,000,000 (dollar_amount) — Credit facility amount
- December 31, 2025 (date) — Maturity date of credit facility
FAQ
What is the net asset value per share for Firsthand Technology Value Fund, Inc. as of December 31, 2024?
The net asset value per share was $0.001 as of December 31, 2024.
When does the $100,000,000 credit facility mature?
The credit facility matures on December 31, 2025.
What were the total assets of the fund for the fiscal year ending December 31, 2024?
The total assets were $2,629 million for the fiscal year ending December 31, 2024.
What were the total liabilities of the fund for the fiscal year ending December 31, 2024?
The total liabilities were $2,765 million for the fiscal year ending December 31, 2024.
What is the filing date of this 10-K report?
This 10-K report was filed on March 26, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Firsthand Technology Value Fund, Inc. (SVVC).